coming up with new commercial products to pursue Show reducing the number of ideas to the most promising and working on those assessing the potential profitability of the product creating a prototype taking a product idea to consumers to test their reactions promoting a product to distributors, retailers, and consumers to gain wide interest and distribution in the product Definitions of Supply Chain ManagementThe supply chain management (SCM) profession has continued to change and evolve to fit the needs of the growing global supply chain. With the supply chain covering a broad range of disciplines, the definition of what is a supply chain can be unclear. Often times SCM can be confused with the term logistics management. CSCMP and the board of directors, comprised of industry experts, created official definitions for the following terms. CSCMP’s Definition of Supply Chain Management Supply Chain Management – Boundaries and Relationships CSCMP’s Definition of Logistics Management Logistics Management – Boundaries and Relationships What are four types of promotion a company can use?Promotion looks to communicate the company's message across to the consumer. The four main tools of promotion are advertising, sales promotion, public relation and direct marketing.
What is marketing and sales?In the simplest of terms, marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones. To dive deeper into the difference between sales and marketing, here are some key takeaways.
Why are distribution decisions considered one of the least flexible marketing mix decisions?Why are distribution decisions considered one of the least flexible marketing mix decisions? Distribution decisions are part of the marketing mix, and once the marketing mix is defined, it cannot be changed. Distribution decisions often establish contractual relationships that are difficult to change.
Which of the following is the most visible variable of the marketing mix?Promotion is the most visible "P," as it includes advertising, sales promotions and PR efforts.
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